Delinquency Status - Severely Derogatory
The delinquency status refers to the state of a debt or obligation being past due. It signifies that a borrower has failed to make a payment on time, as per the agreed-upon terms with the lender. A delinquency can trigger late fees, negatively impact credit scores, and potentially lead to further consequences like account suspension or being sent to collections. - Severely Derogatory
Quick Facts
- Start
- Jan 2003
- Tick Rate
- Quarterly
- Data providers
- Federal Reserve
- Adjustment
- Not Adjusted
- Categories
- Consumer
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